Property Overview: 78 Imperial Avenue, Glenwood, Winnipeg
Section 1: Key Characteristics & Appeal
This is a compact, one-storey home built in 1929, offering a unique proposition in the Winnipeg market. Its key characteristic is its modest scale, with a living area of 616 sqft, which is notably smaller than most homes in its immediate area, neighbourhood, and city-wide. The property sits on a standard city lot of approximately 3,823 sqft. It has a basement (not renovated), no garage, and no pool. The home’s assessed value is significantly below average for the city.
Its primary appeal lies in its extreme affordability and low ongoing property tax burden, presenting a rare entry point into homeownership. It suits a very specific type of buyer: those seeking absolute minimalism, investors looking for a hold-and-rent property with a low acquisition cost, or individuals who value land ownership over living space and see the potential for a future rebuild or expansion. It is not suited for those needing move-in-ready finishes, multiple bedrooms, or standard family-sized square footage. A thoughtful perspective is that this property represents pure utility—it’s a shelter and a land title, freeing up capital for other life priorities or investments.
Section 2: Frequently Asked Questions
1. Why is the assessed value so much lower than the city-wide average?
The assessed value reflects the property's very small size (616 sqft), age, and basic condition compared to the typical Winnipeg home. It is assessed based on its current state and market position, not the potential land value.
2. What type of work might this home need?
Given its age and the note that the basement is not renovated, buyers should budget for ongoing maintenance typical of a century-old home. This could include updates to plumbing, electrical, insulation, and the roof. The basement condition warrants a particularly thorough inspection.
3. Is this a good investment property?
With its low assessed value and purchase price, it could offer a high capitalization rate for a rental, assuming it meets basic rental standards. However, the limited size and condition may attract a narrower tenant pool and potentially higher maintenance calls relative to its value.
4. How does the small living area compare to nearby homes?
The data shows this home is smaller than approximately 94% of homes on its own street and 99% of homes city-wide. Comparable homes in Glenwood average about 1,015 sqft, making this property distinctly compact.
5. Can the house be expanded or rebuilt?
The lot size is standard for the area. Any expansion or rebuild would be subject to the City of Winnipeg's zoning bylaws, building codes, and permit processes. The existing structure's small footprint does leave considerable room on the lot for potential additions, if regulations allow.